Instagram socialite, Ramon Abbas, popularly known as Ray Hushpuppi will likely face up to 20 years in prison as he reportedly pleads guilty to the money laundering allegations levied against him.
Recall that Hushpuppi was arrested in June, 2020, at the luxurious city of Dubai over his involvement in cybercrime. He was then extradited to USA where he has been facing trial.
However, a latest report from an American Journalist, Evan Ratliff, state that the self-proclaimed “Billionaire Gucci Master’ pled guilty to the charges.
Evan Ratliff who writes for Bloomberg, tweets that Hushpuppi “will face up to 20 years in prison at sentencing.
“In his plea agreement, Abbas admitted to laundering money from the Malta Bank heist and the BEC attacks on a Premier League club, another UK firm, and an American law firm, as well as additional schemes.
“Abbas’ plea agreement, which involved crimes allegedly perpetrated by North Korean state sponsored hackers, was heavily redacted and many of the filings in the case remain sealed.”
See documents produced on social media below: